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<br /> �. �a�rt!vr �rag:N�y Q���n�°.�rrovrer shall kap the impmve�rr�nta nav, exisang�or�hereaRer erected an the �TF
<br /> Pra�erty insure�against loss by fire. haTards included �arithin the term "exteaded coverage' and any other ha�rd�, inr.Wding ��t
<br /> � f�oods or�loading, for whicl�Ixnde�requires insuranee. This in5uraace shall be maintained in the amounts and for the perfods �
<br /> that ixnder requires. '�i h�insarsncv carrjer praviding th�easuraIIce shall be chosen�y �orrower subject to Lender s agpmval ��-
<br /> �vhieh shal! not ba unreasonably wiihheld.If Borrow�r f�uls to mrintain co�rerage dzscribed above. F�ender may. at Lender's
<br /> ' optfon,abtain cavera�e xo pmtect i+ertder's rights is�tls�Frope�ty in accord�ece�vith paragraph 7. �..>:
<br />�,�;.• , All Insuranee po9icies and cene��uls shali be�*.able to d.ender and sh.�li inctad�a standard mort�age clause. Y.eader _ _
<br /> �`��4- shal!t�aee tt��right to Iiold the policies aari reaewaIs.If Leuder requires.Borrower shall promp4ly give to i.ender all receipts of f�`-?
<br /> :�� paid premisims tutd renewa!notices.In t�i:ev�nt of loss. Borrower shall give prompi noiice to the insurance carrier and I.endee. —_
<br />�,. I.ertder may rrtake pranf r�€loss if not ma�e promptly by �arrower. e�::_:.
<br /> .",-.:- Ualess Ix�der s�gQrro��e�otttenvise aa•ree in writing. insurance prooeeds shaU be applied to restoration or regair of the ��`::.
<br /> • Prop�rty damaged,if the restoration or repair is economicalty feasible and Le��r s security is not tessened.If the restoration or ��;__
<br /> repair is not economicalfy feasible or I.�der's secarity vrould be lessened,tF�asrcuance proceeds shall be applied to the sums ------
<br /> ' � setured by this Seiurity InstYUment, wtr•ther or noa then due,with any excess pr,i•� to Sonower. If Borrower ai�andons tlte
<br /> " Property. or does nos answer wittrin 30 days a notice from L�ender that the insurance carriar has offered to seitl8 a ctaim. tl:en �`,:
<br /> Lender may ooll�ct t�ie insurance proce�ds. Le+x:ria•en3y use the groceeds to repair or restore the Property or w Pay sums � =' '
<br /> sea�red by this Security instrument,wh�er o;:ntvt.tfitr-.�dae."!'he 3ti-0ay geriad will begin when the natice is given. �,
<br /> Un{tss I.ender and Bormwer atfi�rri�e a�in wricing, azry aPplication of praceeds ta�priacigal shall aot eatend at �=-'
<br />:?tt�,'.. P°����A due date of the monthly���nents refermd to in�±�raphs 1 and 2 or chra►�,a the amount of the payme�,•s,If ���°=.
<br /> - under pazu�tuyh 21 ttte Properry is aoqu�!by lender. Borrow�r's oght to any insarance policies and proc�eds czsuIdng ft�n . �'•
<br /> dama�e ta th$Rvperty prior w the acqui�tion shall pass to Txadtr to the e.aent of the sums secured by this Secvrity instrument ,v__
<br /> ,<'"�' ima►ediazely prior to ti�e acquisidon. °`'°
<br /> 6.Ooa�pun�y,Pt-eserva4ion,l�s�nance asd Psota�Jcm•rR;the E'ro��4y;B.arro�ver's Loan I�ppSication;I e�sa'hotds. �f.,::,-
<br /> _" Borrower sb�ll occupy,estabGsh,and us�the Praperty as Bomrawr'&principal re�denoe witbin sixty days after the exerution of --
<br />.��r�<._ t6is 5ecurity Instrumeni and shall contf�[�to oocupy t�Prup�cty as Boirower's principal resx�ence for�t teast one yeas a�er �I,,....r.
<br /> tha date of accapancy, unless Lender o•:�wise agfeps�n writing. which wnsent shall nat be anmasonably withheld,or uniess
<br /> .`�', extenuating cu�umsta�oas axist whic5 �,re heynnd H�rroerer's control. Barrov�er shall not desVOy. damage or impair the _
<br /> .. r;�: '.�'
<br /> ,`:' � Pnoperry. allow the 1Ptap�tty sn d�m�t�e, or cummit w�te on the ProFerty. Borrawer shall be in default if any forfeit�us _—
<br /> _=�=`°� acaion or pm�eediag, �vhetbcr CivU•nr u�minal.is begun that in Len�er's good faith judgment could�e.sult in forfeiture at"r tise �...
<br /> =_` Pmperty or otherwise m�terIuily imp�a'�it�lien created by this 3ec�ly InStr�ment or Lender's secarity intere��E.Bormnr:�s�tay �'�
<br /> �;����,� aue such a default and retnstnte,.as�ta�:ide3 in paragtaph 18,be cr�sing the action or proceeding to be dlsmissed with a 1�i�g ��
<br />` � �� that, in Ler�er's gaad fpitli:determination, pn�ctudes forfeiture of the Borrower's interest in the Praparty or otlier mateAai �, _
<br /> �.�a.:� � impairmcnt of t6e lien etr�iEtd by thi�sacurity Instrum�nt or Le�r's security interest. Eorrower sball also be in defavlt if .
<br /> _---_- Bomn�ver,tlUd�g the taan appli�atluu.�ea�ss,gave m4teaiaUy fal�ar ina�ate infonaation or state�ems to Leuder(ar,F�led �:;.
<br />---- • t,o prov3r}��;:�ejrr3er with any msterial•tgfi�#mation),in oonnection wflh the taaa evidenced by tlr�PTote,includsng,but not ii�¢fed '
<br />;;�=�•;,�, ' to.�repms�4.�tions ooncemi�Borrow�'�oceup:fl9y of the Propesty as a principal residence.Ff.t#�is 3�rity Instrumeut Is�n a =_.-
<br /> ;s�'�� , '� ac�sehotd, Barrower shs31:comply cvith.all the pmv"iaia�ns of the tease. If Bormwer acquims fee title ta.rhe Fcop�rtx. th� _-
<br /> ° ', ,: Ir.asehold and the fee�iitlo sh�ll not'm��ante�s Lesa�r:a�ees tn t�e mezger in writiag, • .
<br /> .,�:� �
<br /> ;:;:• �.Ffntc�ttan uf I eader'o�i�tt{t�_f,�r.i��ra�teriy. If Bosro?�c:s t2its to perform the oovenants and ag�ta w;,.�itu�a'in
<br /> 't
<br />':o:�''''.` this Secardry Instn►men�or th°se is a.tt�ii�sroceeding that may s���candy affeci Lender's rights in the Propeat��L';�ud'at 1t�:,.� . ".
<br /> •:f.`.�, pniceedi�g in banlwp2ay.pro6aae,for a�ademnatian os forfeiture or to enforce.laws or tegulationsy. tben i.enc�.er�tc�t�r�tu�i ;..��;
<br /> •.' �:� pay for whatever is n�ar�to protect the vafnn uf•ths Property and Lacder's rights ia the Pioperty. Lrn�.'4 r..����y
<br /> include payins any svm3 secur�ed 6y a lien whlch has priority over ttus Sev,uity Instrutaent, appEarin�.F�;;�r.ntr'i;:�,+ing ,�.�
<br /> , ,,� masonab}�attorneys' fees smd enterIn�,�ofl�h�Property to mttke repairs.Althaagh Lender may tafce action us.f�'a.r�is�y'�S,',i:;t�:�..ph �
<br /> ,::�� 7,Lender dces not have to do so. � '� '•� � �:;�:
<br /> . :...�.• ��lnY amounts disbnrsed by.I.endes uadet ti�is paragrapb 7 shall becoaie addi4ional debt of Borrowe:.sacured 1'sy'this
<br /> ,c. 5�curity Instram:s�t� 37p1 Barrower and Len�YC to oWer terms of a � `
<br /> � . � P Y�b these amaunts shall b�rt i;iiterest from the
<br /> �.:'',��� ' .. d�xe of disbursemczu-,scl��G�:h'ote rate anfl s�ll�b��yable. wlth interest, upon notice fram Lender ta�brsowGr requesting ' _—
<br /> ! .�1:�'' P�Y�� ` °=
<br /> �.Mmrtgsige Ia�aaance..If Lend�required mort�age Insur�..s�a�as a candition of maicing the foan sec�d by this S6c�rity =_
<br /> . Jnsuvment. Bosrower sS�al!pay the prerniums required to malatain the mortgage iaswance in effect. If, for any m��us,•the
<br /> . �,���•�; mo�gage insuranot cav�e required�y Leader lapses or oeases to 6e in effect,Borrower shall pay the premiums requi�d to
<br /> .1�'„'.::; obtain covetage substt�tinlJy equiv�tem to the mnrtgage insuranoe previously tn effect,at a cost substantially equivaleat to the . � �
<br />;�:�.� ,i cost to Borrower oi�th�c�mtgage in.iweaice prev�ously in efFect, from an altt�mate martg$ge insurer approved by Len:�r.if � ��..
<br /> -�,�;.�,;�j substsmtis9ly equivalent snort;ags ir�u�n:c coverage is not available.Sorrawer shall�Say to➢r.nder each month a sutn�a�t�l w �;:-
<br /> :;� one-twefflh of t6e yeariy mortgage iruvranoe premium being pald►ly Bonower when the in�-wr:�oe ooverage lapsaf orcc�rr�4 to
<br /> :,�,� � :� be in effect.Len�er will ecxaepa.use and retain th.se payments as.a luss reserve in lien of mortgage Lisj�r.sr�e. Lass ceserve ��':
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